Prior to the Designated Date. (i) The Escrow Collection Bank shall, upon receipt of an intimation from the Registrar and Lead Managers in writing, in accordance with Clause 3.2.1.2. of this Agreement (as set out in Schedule IX hereto), after notice to the Company, and the Selling Shareholders forthwith but not later than 1 (one) Working Day, ensure the transfer of any amounts standing to the credit of the Escrow Accounts to the Refund Account; (ii) The Refund Account Bank shall, upon receipt of an intimation from the Lead Managers in writing in accordance with Clause 3.2.1.2. of this Agreement (as set out in Schedule IX hereto), after notice to the Company, the Selling Shareholder and the Registrar, forthwith but not later than 1 (one) Working Day from the date of transfer of amounts standing to the credit of the Refund Account to the beneficiaries as directed by the Registrar to the Offer in the prescribed form; (iii) On receipt of the intimation of failure of the Offer from the Lead Managers as per Clause 3.
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Sources: Share Escrow Agreement
Prior to the Designated Date. (i) The Escrow Collection Bank shall, upon receipt of an intimation from the Registrar and Lead Managers Manager in writing, in accordance with Clause 3.2.1.2. 3.2.1.2 of this Agreement (as set out in Schedule IX hereto), after notice to the Company, and the Promoter Selling Shareholders Shareholder forthwith but not later than 1 (one) Working Day, ensure the transfer of any amounts standing to the credit of the Escrow Accounts to the Refund Account;
(ii) (The Refund Account Bank shall, upon receipt of an intimation from the Lead Managers Manager in writing in accordance with Clause 3.2.1.2. 3.2.1.2 of this Agreement (as set out in Schedule IX hereto), after notice to the Company, the Promoter Selling Shareholder and the Registrar, forthwith but not later than 1 (one) Working Day from the date of transfer of amounts standing to the credit of the Refund Account to the beneficiaries as directed by the Registrar to the Offer in the prescribed form;
(iii) On receipt of the intimation of failure of the Offer from the Lead Managers Manager as per Clause 3.
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Prior to the Designated Date. (i) The Escrow Collection Bank shall, upon receipt of an intimation from the Registrar and Book Running Lead Managers in writing, in accordance with Clause 3.2.1.2. 3.2.1.2 of this Agreement (as set out in Schedule IX hereto)Agreement, after notice to the Company, and each of the Selling Shareholders forthwith but not later than 1 (one) Working Day, ensure the transfer of any amounts standing to the credit of the Escrow Accounts to the Refund AccountAccount (as set out in Annexure E hereto);
(ii) (The Refund Account Bank shall, upon receipt of an intimation from the Book Running Lead Managers in writing in accordance with Clause 3.2.1.2. 3.2.1.2 of this Agreement (as set out in Schedule IX hereto)Agreement, after notice to the Company, each of the Selling Shareholder Shareholders and the Registrar, forthwith but not later than 1 (one) Working Day from the date of transfer of amounts standing to the credit of the Refund Account to the beneficiaries as directed by the Registrar to the Offer in the prescribed formform (as set out in Annexure H hereto);
(iii) On receipt of the intimation of failure of the Offer from the Book Running Lead Managers as per Clause 3.
Appears in 1 contract
Sources: Escrow and Sponsor Bank Agreement
Prior to the Designated Date. (i) The Escrow Collection Bank Banks shall, upon receipt of an intimation from the Registrar and Book Running Lead Managers in writing, in accordance with Clause 3.2.1.2. 3.2.1.2 of this Agreement (as set out in Schedule IX hereto)Agreement, after notice to the Company, and each of the Selling Shareholders forthwith but not later than 1 (one) Working Day, ensure the transfer of any amounts standing to the credit of the Escrow Accounts to the Refund AccountAccount (as set out in Annexure E hereto);
(ii) (The Refund Account Bank shall, upon receipt of an intimation from the Book Running Lead Managers in writing in accordance with Clause 3.2.1.2. 3.2.1.2 of this Agreement (as set out in Schedule IX hereto)Agreement, after notice to the Company, each of the Selling Shareholder Shareholders and the Registrar, forthwith but not later than 1 (one) Working Day from the date of transfer of amounts standing to the credit of the Refund Account to the beneficiaries as directed by the Registrar to the Offer in the prescribed formform (as set out in Annexure H hereto);
(iii) On receipt of the intimation of failure of the Offer from the Book Running Lead Managers as per Clause 3.
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